this is on top of an announcement from another tech company in the region, micron, which said earlier this week it will spend $100 billion on a new plant in upstate new york. that is the good news that the president is trying to ride high into the midterms, which are 33 days away now. the not so good news, which republicans are seizing on, and democrats aren t too happen about either is opec plus s announcement to cut oil production, led by saudi arabia and russia. the cartel is taking 2 million barrels off the market a day, starting in november. that s 2% of the global oil production. now, while the united states is somewhat shielded from a price increase, because the white house has been tapping into the country s strategic oil reserves, the rest of the world is not, and prices are already climbing. beyond prices though, there is also political fallout, as we told you yesterday, the cut in production could have the effect of helping russia fund its war in ukraine. neutraliz
because in this law, the power to take back any federal funding from these companies, if they don t meet these requirements. that s in the law. the law requires the companies build these semiconductor facilities with prevailing wages, and they do it here. and it will ensure to tens of thousands of new construction jobs, created in, high-paying jobs, more often high-paying union jobs. we re talking about building facilities ten times the size of a football field. and this is just the construction side. we re going to require companies to use these investments for workers in research and development, not to buy back stock or issue dividends. let me say that again. we ve got to invest the money. you can t use it to buy back your stock. look, and finally, this law is about more than chips. it s about science as well.
called the 2020 elections the safest and most secure, in the history of of this country. so, they are akin to the arsonist who wants credit, now, for putting out the fire that he set. and they re they re saying they have to come up with these voter-fraud bills to to to stamp out any doubt about elections that they, in fact, created in in the first place. it s one of the things, too, that, you know, lot of people thought. okay. well, the former president is gone. and, you know, things will kind of return, back, to normal. but given the the the way the the the congressional gop, now, has decided to completely buy into the lie. and completely, continue to slavishly back trump and and, you know, cater to his his whims. legislation is, actually, being written and actually being
turn and free and fair election could be spreading. c cnn s kyung lah has more. reporter: i m trying to talk to these pennsylvania state lawmakers, who avoided us, and local reporters, all day. this is why they re in phoenix. three republican pennsylvania lawmakers are touring the so-called audit of maricopa county s 2020 election. a partisan effort, led by the republican-controlled arizona senate. why would these pennsylvanians care about what s happening in arizona? ryan macias believes it s to spread the big lie. they are probably going to be the entities that are behind a push to continue to sow doubt in pennsylvania. and to continue to fund raise around this event. reporter: the most prominent of the pennsylvania lawmakers, republican state senator, walking here on the floor.
it was an historic election, and a remarkable election, in how many americans voted. the fact that they have been able to manipulate this, and turn this into, you know, something that has some sort of doubt in the minds of of a lot of the former president s supporters is just ludicrous and sad. secretary benson, what does it say to you this pennsylvania state senator, who was part of this delegation. touring now in arizona. was actually at the capitol on january 6th. well, it shows the connection between what happened after the 2020 election, and what is continuing to escalate in new battlefronts around the country and in new ways. anderson, i think it s really important to note, this is no longer about the former president. and whether or not he is happy with the results of the election. this is about the future of our democracy. and, you know, hear a lot of talk about efforts to right the wrongs of november. and what that is really talking about is actually what you just